Noble Capital Releases 2014 Q1 Lending Results - Siouxland News - KMEG 14 and FOX 44

Noble Capital Releases 2014 Q1 Lending Results

Posted: Updated:

Noble Capital releases its 2014 first quarter financial results, which shows an overall increase in its private money loans portfolio.

April 30, 2014 /MM-prReach/ —

Noble Capital, the premiere private lending network in Texas, has released its 2014 first quarter financial results. For Q1 of 2014, the private money lending company achieved the following:

• An increase in its loan portfolio of nearly 14% since the end of 2013.

• A new record for loan pay-offs, dropping its average short-term loan program to 9.73 months from a previously reported 10.34.

“The increase in our loan portfolio size demonstrates the strong demand for our loan product with potential real estate investors and flippers. We are excited to work with the increasing level of sophisticated Borrowers in the marketplace,” states Chris Ragland, COO for Noble Capital.

The increase in revenue and net income are obviously good indicators for the Texas based private money lending business. The drop in average loan length is the product of healthy loans, demonstrating how Borrowers are moving quicker to flip their deals.

“Our clients are increasingly developing better systems and processes, allowing them to complete and sell their products more quickly. As a result, our average loan length has shortened, another indicator of a healthy market,” states Romney Navarro, Vice-President of Lending for Streamline Funding, a wholly owned subsidiary of Noble Capital.

Overall, the increase of 14% in Noble Capital’s loan portfolio size shows strong demand for their private money lending product.

About Noble Capital: : Noble Capital was formed in 2004 to service & manage lender relationships, and has successfully participated in over 400 transactions totaling more than $100,000,000.00. The Noble Capital Private Lender Network is an informal group of individuals who fund short term first lien mortgage loans serviced by Noble Capital through borrowers provided by Streamline Funding. The mission of Noble Capital is to be Texas’ premiere Private Real Estate Lending Platform, providing quality lending opportunities to members of their Private Lender Network. For more information about Noble Capital, please visit http://www.noblecapital.com/about/media/

Contact Info:
Name: Tammie Tirres
Email: ttirres@noblecapital.com
Phone: 512-249-2800
Organization: Noble Capital

For more information about us, please visit http://www.prreach.com/pr/7174

ReleaseID: 42581

  • NewsNewsMore>>

  • Train Runs Over 2 Women Both Survive

    Train Runs Over 2 Women Both Survive

    The Indiana Rail Road Company has released video taken from the perspective of the conductor of a train as it ran over two women. More >>
    The Indiana Rail Road Company has released video taken from the perspective of the conductor of a train as it ran over two women. 
    More >>
  • New Treatment for Skin Cancer

    New Treatment for Skin Cancer

    (CINCINNATI, OH) There is a new type of treatment that those with skin cancer may not have heard about, it is commonly referred to as IL 2 or interleuken two, and to the right person it could make all the difference in survival.More >>
    (CINCINNATI, OH) There is a new type of treatment that those with skin cancer may not have heard about, it is commonly referred to as IL 2 or interleuken two, and to the right person it could make all the difference in survival.More >>
  • OKCupid Admits to Social Experiments

    OKCupid Admits to Social Experiments

    O-k cupid says... Everyone is doing it. We're talking about experimenting on you. Ok cupid fessed up, on its blog today. It showcased three experiments.More >>
    O-k cupid says... Everyone is doing it. We're talking about experimenting on you. Ok cupid fessed up, on its blog today. It showcased three experiments.
    More >>
Powered by WorldNow

Siouxland News
100 Gold Circle
Dakota Dunes, SD 57049

Main Phone: 712-277-3554
Main Fax: 712-255-5250
Email: webmaster@siouxlandnews.com

Powered by WorldNow
All content © Copyright 2000 - 2009 WorldNow and Sinclair Communications, LLC. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.